Investment Rating - The report maintains a "Recommended" rating for the company, indicating expected strong performance relative to the market over the next six months [4][10]. Core Insights - The company has shown significant recovery in profitability, with a 21.69% year-on-year increase in revenue to 3.609 billion yuan and a 53.88% increase in net profit to 517 million yuan for the first half of 2024 [4][5]. - The demand in downstream markets, particularly in consumer and network communication sectors, has improved, leading to increased sales of storage chips [5][6]. - The company has successfully expanded its product matrix in microcontrollers, with a notable increase in revenue contributions from both consumer and industrial markets [8][10]. Summary by Sections Financial Performance - For the first half of 2024, the company achieved revenue of 3.609 billion yuan, up 21.69% year-on-year, and a net profit of 517 million yuan, up 53.88% year-on-year [4][5]. - The gross margin and net margin for the first half of 2024 were 38.16% and 14.33%, respectively [5]. - The second quarter of 2024 saw revenue of 1.982 billion yuan, a year-on-year increase of 21.99%, and a net profit of 312 million yuan, up 67.95% year-on-year [5]. Business Segments - The storage chip business generated 2.605 billion yuan in revenue, a 29.41% increase year-on-year [5][6]. - The microcontroller business achieved revenue of 805 million yuan, up 4.34% year-on-year, while the sensor business brought in 192 million yuan, up 8.76% year-on-year [5][8]. - The company has expanded its NOR Flash product offerings, which have been recognized for their low power consumption and have been certified for automotive applications [6][8]. Future Projections - The company expects earnings per share (EPS) to be 1.79 yuan in 2024, 2.41 yuan in 2025, and 3.05 yuan in 2026, reflecting a positive growth outlook [10][11]. - The projected price-to-earnings (P/E) ratios for 2024, 2025, and 2026 are 41.2, 30.7, and 24.2, respectively, indicating a favorable valuation trend [10][11].

证券代码：603986 证券简称：兆易创新 公告编号：2024-071 兆易创新科技集团股份有限公司 关于公司控股股东、实际控制人、董事长提议 公司回购股份的公告 三、 提议的内容 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 兆易创新科技集团股份有限公司（以下简称"公司"）于 2024 年 8 月 21 日 收到公司控股股东、实际控制人、董事长朱一明先生《关于提议兆易创新科技 集团股份有限公司回购公司股份的函》，具体内容如下： 一、 提议人的基本情况及提议时间 1. 提议人：公司控股股东、实际控制人、董事长朱一明先生 2. 提议时间：2024 年 8 月 21 日 二、 提议人提议回购股份的原因和目的 朱一明先生基于对公司未来持续发展的信心和对公司长期价值的认可，为 了维护广大投资者利益，增强投资者对公司的投资信心，促进公司长远、稳定、 可持续发展，结合公司经营情况及财务状况等因素，提议公司通过集中竞价交 易方式进行股份回购，回购完毕后将依法进行注销并减少公司注册资本。 7. 回购期限：自股东会审议通过本次回购股份方案之日 ...

兆易创新：中报符合预告，行业复苏+份额提升助力业绩高增 兆易创新（603986.SH）/电子 证券研究报告/公司点评 2024 年 8 月 21 日 [Table_Industry] 分析师：王芳 执业证书编号：S0740521120002 Email：wangfang02@zts.com.cn 分析师：杨旭 执业证书编号：S0740521120001 Email：yangxu01@zts.com.cn [Table_Title] 评级：买入（维持） 市场价格：79.23 元/股 | --- | --- | |------------------|--------| | 总股本(百万股) | 666 | | 流通股本(百万股) | 665 | | 市价(元) | 79.23 | | 市值(百万元) | 52,757 | | 流通市值(百万元) | 52,667 | [股价与行业 Table_QuotePic] -市场走势对比 沪深300 兆易创新 -40% -20% 0% 20% 40% 23-6 23-9 23-12 24-3 24-6 公司持有该股票比例 相关报告 《兆易创新：Q1 业绩亮眼，持续关注 存 ...

Investment Rating - The report maintains a "Buy" rating for the company, indicating an expectation that the company's stock will outperform the benchmark index by more than 20% over the next 6-12 months [3][10]. Core Insights - The company's revenue for the first half of 2024 (24H1) increased significantly, driven by a recovery in demand in the consumer and networking markets, leading to stable growth in sales of storage chips [3][4]. - The company achieved a revenue of 3.609 billion RMB in 24H1, representing a year-on-year growth of 21.69%, and a net profit attributable to shareholders of 517 million RMB, up 53.88% year-on-year [4]. - The report highlights the company's strong position in the storage market, particularly in Flash and DRAM products, and its ongoing diversification efforts in product lines such as MCU and sensors [4]. Summary by Sections Financial Performance - In 24H1, the company reported a gross margin of 38.16%, an increase of 4.72 percentage points year-on-year, and a net profit margin of 14.33%, up 3 percentage points year-on-year [4]. - For the second quarter of 2024 (24Q2), the company achieved a revenue of 1.982 billion RMB, reflecting a year-on-year increase of 21.99% and a quarter-on-quarter increase of 21.78% [4]. - The net profit for 24Q2 was 312 million RMB, a year-on-year increase of 67.95% and a quarter-on-quarter increase of 52.46% [4]. Market Position and Product Development - The company is the second-largest SPI NOR Flash manufacturer globally, offering a wide range of products across various specifications and applications, including automotive electronics [4]. - The DRAM market is showing signs of recovery, with niche product prices rising due to supply constraints and increased demand from consumer electronics [4]. - The company has successfully launched multiple MCU products and is expanding its sensor product lines, including fingerprint recognition solutions for PCs [4]. Future Projections - The report forecasts revenues of 7.580 billion RMB, 9.204 billion RMB, and 10.829 billion RMB for the years 2024, 2025, and 2026, respectively, with corresponding net profits of 1.205 billion RMB, 1.862 billion RMB, and 2.085 billion RMB [5][4]. - The projected price-to-earnings ratios for 2024, 2025, and 2026 are 43.8, 28.3, and 25.3, respectively, indicating a favorable outlook for the company's valuation [5][4].

感谢大家参加本次会议会议即将开始请稍后 感谢大家参加本次会议会议即将开始请稍后 感谢大家参加本次会议各位投资者大家晚上好欢迎参加教育创新2024年中报投资者交流会目前所有参会者均处于静音状态下面开始播报免责声明 本次会议并服务于邀请参会的广大投资者会议音频及文字记录的内容仅供参会者内部使用不得公开发布照义创新未授权任何媒体转发本次会议相关内容未经允许和授权的转载转发均属侵权照义创新将保留追究其法律责任的权利照义创新不承担因转载转发而产生的任何损失和责任 市场有风险投资需谨慎提醒广大投资者谨慎做出投资决策在会议开始前我们提示各位投资者在主讲嘉宾发言结束后将留有提问时间下面有请公司主讲嘉宾发言谢谢各位投资人朋友和分析师朋友大家晚上好我是兆一创新董事会秘书李小燕 今天就已经发布的2024年半年报与公司的管理层跟大家一起做一个近况的交流我先介绍一下本次参加交流会的公司管理层那参加本次交流会的有公司副董事长总经理何卫总公司董事CEO胡鸿总公司副总经理李宝奎总公司财务总孙威静总接下来我来介绍一下近期的经营情况 2024年上半年公司持续保持以市占率为中心的经营策略持续进行研发投入和产品迭代不断丰富产品矩阵优化产品成本进一步 ...

兆易创新 20240820_原文 2024 年 08 月 20 日 23:28 发言人 00:00 The meeting is ready to start. Please remain on the line. 发言人 00:17 感谢大家参加本次会议。会议即将开始，请稍后。Thanks for your participation. The meeting is ready to start. Please remain on the line. 发言人 00:43 感谢大家参加本次会议。会议即将开始，请稍后。Thanks for your participation. The meeting is ready to start. Please remain on the line. 发言人 01:08 感谢大家参加本次会议。各位投资者，大家晚上好，欢迎参加教育创新 2024 年中报投资者交流会。目前 所有参会者均处于静音状态，下面开始播报。免责声明，本次会议仅服务于邀请参会的广大投资者，会议 音频及文字记录的内容仅供参会者内部使用，不得公开发布。教育创新未授权任何媒体转发本次会议相关 内容，未经允许和 ...

Investment Rating - The investment rating for the company is "Buy-A" [1][2] Core Views - The company is focusing on market share and continuously expanding and optimizing its product matrix, with a significant increase in revenue and net profit in the first half of 2024 [1][2] - The recovery in consumer and network communication markets has driven an increase in shipment volume and revenue, with a notable growth in the industrial and automotive sectors [1][2] - The company achieved a revenue of 3.609 billion yuan in the first half of 2024, representing a year-on-year increase of 21.69%, and a net profit of 517 million yuan, up 53.88% year-on-year [1][2] Financial Performance - In Q2 2024, the company reported revenue of 1.982 billion yuan, a year-on-year increase of 21.99% and a quarter-on-quarter increase of 21.78% [1] - The net profit for Q2 2024 was 312 million yuan, showing a year-on-year growth of 67.95% and a quarter-on-quarter growth of 52.46% [1] - The company’s revenue projections for 2024 to 2026 have been adjusted to 7.647 billion yuan, 9.926 billion yuan, and 11.776 billion yuan, with growth rates of 32.8%, 29.8%, and 18.6% respectively [2][4] Product Development - The company continues to enhance its product lines, particularly in storage and MCU (Microcontroller Unit) segments, with new low-power and high-performance products launched [1][3] - The company is the second-largest SPI NOR Flash provider globally, offering a wide range of capacity options and has established partnerships with leading automotive manufacturers for its automotive-grade products [1][3] - The introduction of new fingerprint recognition solutions for PC devices marks an expansion into the PC market, enhancing the company's product offerings [3] Market Outlook - The company is expected to benefit from the recovery in niche storage markets and the ongoing demand in consumer electronics, automotive electronics, and industrial applications [2][4] - The anticipated growth in revenue and profitability is supported by the company's continuous innovation and adaptation to market demands, particularly in the context of DRAM capacity adjustments by leading manufacturers [2][4]

2024 年半年度报告 公司代码：603986 公司简称：兆易创新 兆易创新科技集团股份有限公司 2024 年半年度报告 1 / 155 2024 年半年度报告 重要提示 无 六、 前瞻性陈述的风险声明 √适用 □不适用 本半年度报告中所涉及的公司未来计划、发展战略等前瞻性陈述，不构成公司对投资者的实 质承诺，请投资者注意投资风险。 七、 是否存在被控股股东及其他关联方非经营性占用资金情况 | 第一节 | 释义 4 | | --- | --- | | 第二节 | 公司简介和主要财务指标 5 | | 第三节 | 管理层讨论与分析 8 | | 第四节 | 公司治理 20 | | 第五节 | 环境与社会责任 22 | | 第六节 | 重要事项 24 | | 第七节 | 股份变动及股东情况 35 | | 第八节 | 优先股相关情况 41 | | 第九节 | 债券相关情况 41 | | 第十节 | 财务报告 42 | 否 八、 是否存在违反规定决策程序对外提供担保的情况 否 九、 是否存在半数以上董事无法保证公司所披露半年度报告的真实性、准确性和完整性 否 十、 重大风险提示 公司已在本报告中详细阐述公司在经营过程中可 ...

为真实反映公司财务状况及资产价值，根据《企业会计准则》及公司会计政策、 会计估计的相关规定，公司结合实际经营情况及行业市场变化等因素，本着谨慎性 原则，对报告期末存在减值迹象的资产进行了减值测试并计提相应的减值准备金额， 具体情况如下： 证券代码：603986 证券简称：兆易创新 公告编号：2024-069 兆易创新科技集团股份有限公司 关于 2024 年第二季度计提资产减值准备的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 兆易创新科技集团股份有限公司（以下简称"公司"）于 2024 年 8 月 20 日召开 第四届董事会第二十二次会议，审议通过了《关于 2024 年第二季度计提资产减值准 备的议案》，该议案无需提交股东会审议。现将相关事项公告如下： 一、本次计提减值准备的情况概述 单位：元 | | 项目 | 本期计提金额 | | --- | --- | --- | | 信用减值损失 | 其他应收款减值损失 | 52,226.95 | | 资产减值损失 | 存货跌价损失 | 42,403,379.94 | | | 合 ...

证券代码：603986 证券简称：兆易创新 公告编号：2024-070 兆易创新科技集团股份有限公司 关于召开 2024 年半年度业绩说明会的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： ● 投资者可于 2024 年 8 月 23 日（星期五）至 8 月 29 日（星期四）16:00 前登录 上 证 路 演 中 心 网 站 首 页 点 击 " 提 问 预 征 集 " 栏 目 或 通 过 公 司 邮 箱 investor@gigadevice.com 进行提问。公司将在说明会上对投资者普遍关注的问题 进行回答。 兆易创新科技集团股份有限公司（以下简称"公司"）已于 2024 年 8 月 21 日发布公司 2024 年半年度报告，为便于广大投资者更全面深入地了解公司 2024 年半年度经营成果、财务状况，公司计划于 2024 年 8 月 30 日下午 13:00-14:30 举行 2024 年半年度业绩说明会，就投资者关心的问题进行交流。 一、说明会类型 本次投资者说明会以视频结合网络互动方式召开，公司将针 ...